Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • School
  • A certain sum of money amounts to Rs 6500 in 3 years and Rs 5750 in respectively. Find the principal and the rate percent

A certain sum of money amounts to Rs 6500 in 3 years and Rs 5750 in respectively. Find the principal and the rate percent

Answers (1)

Amount  3 years = 6500
Amount in 1.5 years = 5750

interest in 1.5 years = 6500 -  5750 = 750
interest in 3(=1.5×2) years = 750×2 = 1500
Principal = 6500 - 1500 = 5000

1500 = Ptr/100
⇒ 1500 = 5000×3×r/100
⇒ r = (1500×100)/(5000×3) = 10% 

Posted by

Satyajeet Kumar

View full answer

Similar Questions

Latest Question